It kind of depends on how long travel takes. In my last college I spent three hours per day travelling, sometimes four hours. But I still had 6-9 hours of free time every day.
This year I'm doing four AS but it only takes 45m to get to my new college, so that's half the travel time, and 45m is the upper quartile. Despite doing four subjects, I'll have more free time than I did before.
It also depends on how much you actually socialise. See, because I have no friends because I smell and no one likes me, I never go out and I just stay indoors baiting people in to flame wars, so I don't really mind about the absence of free time.